Arch Capital Group Ltd. (NASDAQ:ACGL) has been assigned an average recommendation of “Hold” from the eleven analysts that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $99.14.
A number of research firms recently issued reports on ACGL. BidaskClub cut Arch Capital Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday. ValuEngine lowered Arch Capital Group from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Wells Fargo & Co set a $96.00 target price on Arch Capital Group and gave the company a “hold” rating in a report on Monday, February 12th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $101.00 target price on shares of Arch Capital Group in a report on Wednesday, December 6th.
Arch Capital Group (NASDAQ ACGL) traded down $0.31 on Friday, reaching $85.12. The company had a trading volume of 63,702 shares, compared to its average volume of 644,429. The firm has a market capitalization of $11,155.37, a PE ratio of 21.04, a price-to-earnings-growth ratio of 1.25 and a beta of 0.63. Arch Capital Group has a 52-week low of $84.73 and a 52-week high of $102.60. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.40.
In other Arch Capital Group news, CFO Mark Donald Lyons sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $89.39, for a total transaction of $536,340.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Constantine Iordanou bought 7,000 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were bought at an average price of $23.80 per share, for a total transaction of $166,600.00. Following the completion of the acquisition, the chief executive officer now owns 7,000 shares of the company’s stock, valued at $166,600. The disclosure for this purchase can be found here. 6.60% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of ACGL. Alps Advisors Inc. acquired a new stake in Arch Capital Group during the fourth quarter valued at approximately $203,000. Dai Ichi Life Insurance Company Ltd acquired a new position in shares of Arch Capital Group in the 3rd quarter worth approximately $242,000. IFM Investors Pty Ltd acquired a new position in shares of Arch Capital Group in the 3rd quarter worth approximately $260,000. Parametrica Management Ltd acquired a new position in shares of Arch Capital Group in the 4th quarter worth approximately $261,000. Finally, Assetmark Inc. acquired a new position in shares of Arch Capital Group in the 3rd quarter worth approximately $299,000. Hedge funds and other institutional investors own 81.56% of the company’s stock.
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About Arch Capital Group
Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other.
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